Chinese equities fell in New York as Yanzhou Coal Mining Co. fell to a three-week low on concern China’s increasing air pollution may push the government to curb the use of the fuel.
The Bloomberg China-US Index of the most traded Chinese stocks in the U.S. fell 0.5 percent to 108.16 yesterday after rising in the previous four weeks. American depositary receipts of Yanzhou, China’s fourth-largest coal producer, sank 2.7 percent while China Eastern Airlines Corp. declined to a two-week low as Shanghai’s worst smog on record caused flight delay and cancellations. E-Commerce China Dangdang Inc. slumped the most in three weeks.
